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Side-by-side financial comparison of Applied Digital Corp. (APLD) and HOPE BANCORP INC (HOPE). Click either name above to swap in a different company.

HOPE BANCORP INC is the larger business by last-quarter revenue ($141.0M vs $126.6M, roughly 1.1× Applied Digital Corp.). HOPE BANCORP INC runs the higher net margin — 20.9% vs -11.4%, a 32.4% gap on every dollar of revenue. On growth, Applied Digital Corp. posted the faster year-over-year revenue change (98.2% vs 21.0%). Over the past eight quarters, Applied Digital Corp.'s revenue compounded faster (70.9% CAGR vs 9.8%).

BAE Systems Digital Intelligence is an international defence and security technology firm owned by BAE Systems. They specialize in delivering digital solutions that enable rapid, data-driven decision-making. Their services, solutions and products span customers in Law Enforcement, National Security, Government Departments and Government Enterprises, Critical National Infrastructure, Telecommunications, the Military, and Space.

Bank of Hope is an American bank, based in Los Angeles, that focuses on the Korean American community. The bank was first established on December 30, 1980, under the name Wilshire Bank.

APLD vs HOPE — Head-to-Head

Bigger by revenue
HOPE
HOPE
1.1× larger
HOPE
$141.0M
$126.6M
APLD
Growing faster (revenue YoY)
APLD
APLD
+77.2% gap
APLD
98.2%
21.0%
HOPE
Higher net margin
HOPE
HOPE
32.4% more per $
HOPE
20.9%
-11.4%
APLD
Faster 2-yr revenue CAGR
APLD
APLD
Annualised
APLD
70.9%
9.8%
HOPE

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
APLD
APLD
HOPE
HOPE
Revenue
$126.6M
$141.0M
Net Profit
$-14.4M
$29.5M
Gross Margin
20.6%
Operating Margin
-24.5%
Net Margin
-11.4%
20.9%
Revenue YoY
98.2%
21.0%
Net Profit YoY
89.6%
EPS (diluted)
$-0.07
$0.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APLD
APLD
HOPE
HOPE
Q1 26
$141.0M
Q4 25
$126.6M
$145.8M
Q3 25
$64.2M
$141.9M
Q2 25
$-33.3M
$94.5M
Q1 25
$52.9M
$116.5M
Q4 24
$63.9M
$118.0M
Q3 24
$60.7M
$116.6M
Q2 24
$43.7M
$116.9M
Net Profit
APLD
APLD
HOPE
HOPE
Q1 26
$29.5M
Q4 25
$-14.4M
Q3 25
$-16.9M
$30.8M
Q2 25
$-52.5M
$-24.8M
Q1 25
$-35.6M
$21.1M
Q4 24
$-138.7M
Q3 24
$-4.2M
$24.2M
Q2 24
$-64.5M
$25.3M
Gross Margin
APLD
APLD
HOPE
HOPE
Q1 26
Q4 25
20.6%
Q3 25
13.4%
Q2 25
Q1 25
7.1%
Q4 24
18.0%
Q3 24
-0.6%
Q2 24
-9.1%
Operating Margin
APLD
APLD
HOPE
HOPE
Q1 26
Q4 25
-24.5%
26.8%
Q3 25
-34.7%
25.6%
Q2 25
-27.6%
Q1 25
-35.8%
23.9%
Q4 24
-29.1%
25.8%
Q3 24
15.6%
27.5%
Q2 24
-68.4%
29.5%
Net Margin
APLD
APLD
HOPE
HOPE
Q1 26
20.9%
Q4 25
-11.4%
Q3 25
-26.4%
21.7%
Q2 25
157.8%
-26.2%
Q1 25
-67.2%
18.1%
Q4 24
-217.2%
Q3 24
-7.0%
20.7%
Q2 24
-147.5%
21.6%
EPS (diluted)
APLD
APLD
HOPE
HOPE
Q1 26
$0.23
Q4 25
$-0.07
$0.27
Q3 25
$-0.07
$0.24
Q2 25
$-0.31
$-0.19
Q1 25
$-0.16
$0.17
Q4 24
$-0.66
$0.20
Q3 24
$-0.03
$0.20
Q2 24
$-0.57
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APLD
APLD
HOPE
HOPE
Cash + ST InvestmentsLiquidity on hand
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$2.3B
Total Assets
$5.2B
$18.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLD
APLD
HOPE
HOPE
Q1 26
Q4 25
$1.9B
Q3 25
$73.9M
Q2 25
$41.6M
Q1 25
$68.7M
Q4 24
$286.2M
Q3 24
$58.2M
Q2 24
$3.3M
Stockholders' Equity
APLD
APLD
HOPE
HOPE
Q1 26
$2.3B
Q4 25
$1.4B
$2.3B
Q3 25
$1.0B
$2.3B
Q2 25
$497.7M
$2.2B
Q1 25
$454.6M
$2.2B
Q4 24
$434.6M
$2.1B
Q3 24
$241.8M
$2.2B
Q2 24
$124.8M
$2.1B
Total Assets
APLD
APLD
HOPE
HOPE
Q1 26
$18.7B
Q4 25
$5.2B
$18.5B
Q3 25
$2.4B
$18.5B
Q2 25
$1.9B
$18.5B
Q1 25
$1.7B
$17.1B
Q4 24
$1.5B
$17.1B
Q3 24
$937.7M
$17.4B
Q2 24
$762.9M
$17.4B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APLD
APLD
HOPE
HOPE
Operating Cash FlowLast quarter
$-15.8M
Free Cash FlowOCF − Capex
$-567.9M
FCF MarginFCF / Revenue
-448.6%
Capex IntensityCapex / Revenue
436.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLD
APLD
HOPE
HOPE
Q1 26
Q4 25
$-15.8M
$164.5M
Q3 25
$-82.0M
$51.7M
Q2 25
$6.9M
$9.4M
Q1 25
$5.9M
$26.7M
Q4 24
$-52.3M
$116.7M
Q3 24
$-75.9M
$63.0M
Q2 24
$-34.1M
$-25.6M
Free Cash Flow
APLD
APLD
HOPE
HOPE
Q1 26
Q4 25
$-567.9M
$151.5M
Q3 25
$-331.4M
$47.2M
Q2 25
$-191.4M
$6.9M
Q1 25
$-251.6M
$24.0M
Q4 24
$-223.3M
$106.9M
Q3 24
$-130.7M
$60.1M
Q2 24
$-88.9M
$-28.1M
FCF Margin
APLD
APLD
HOPE
HOPE
Q1 26
Q4 25
-448.6%
103.9%
Q3 25
-516.1%
33.2%
Q2 25
574.8%
7.3%
Q1 25
-475.4%
20.6%
Q4 24
-349.6%
90.6%
Q3 24
-215.3%
51.6%
Q2 24
-203.5%
-24.0%
Capex Intensity
APLD
APLD
HOPE
HOPE
Q1 26
Q4 25
436.1%
9.0%
Q3 25
388.4%
3.2%
Q2 25
-595.4%
2.6%
Q1 25
486.6%
2.3%
Q4 24
267.8%
8.3%
Q3 24
90.3%
2.5%
Q2 24
125.4%
2.2%
Cash Conversion
APLD
APLD
HOPE
HOPE
Q1 26
Q4 25
Q3 25
1.68×
Q2 25
Q1 25
1.26×
Q4 24
Q3 24
2.61×
Q2 24
-1.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APLD
APLD

HPC Hosting Business$85.0M67%
Data Center Hosting Business$41.6M33%

HOPE
HOPE

Segment breakdown not available.

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